Monetary sovereignty, privacy, cash replacement, the European Central Bank’s digital euro project raises many questions. The legal framework for the future digital euro, also known as the Central Bank Digital Currency (CBDC) is a dematerialised version of the single currency, was unveiled on Wednesday 28th June 2023 by the European Commission. The project is not yet precise […]
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MONEY: A drop in withdrawals from cash dispensers has been observed. What are the reasons for this decline? Will they disappear? On the 6th June 2023, Panorabanques published the results of its study on French banking practices and the results raise questions. Indeed, a drop in withdrawals from cash dispensers has been observed. What are the […]
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BANKRUPTCY: The closure of SVB has caused some repercussions on the market Slight wind of panic on the markets. Silicon Valley Bank (SVB) was closed by US authorities on Friday, marking the largest bank failure in the United States since the 2008 financial crisis. The American Deposit Guarantee Agency, the FDIC, has taken control of the establishment, which should […]
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BITCOIN: In the United States, traditional banking institutions are less and less reluctant to invest in crypto-assets and want to integrate Bitcoin directly into bank accounts New York Digital Investment Group (NYDIG) is a firm offering financial services dedicated to Bitcoin. It has partnered with the global banking technology solutions group Fidelity National Information Service (FIS) to create […]
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RESTRUCTURING: The Société Générale bank group assures this Monday that there will be no forced departures With the economic crisis resulting from the coronavirus pandemic, the French banking landscape is restructuring. The banking group Société Générale formalised on Monday the plan to merge its two retail networks in France Societe Generale and Crédit du Nord. This project will involve the closure of […]
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To support the gradual takeover of businesses, the ceiling for contactless payment will rise to 50 euros from the 11th May 2020. Until now, the limit for contactless payment has been 30 euros. But from the 11th May 2020, the day of possible deconfinement in France, it will increase to 50 euros. The Groupement des Cartes Bancaires confirms the […]
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MONEY: Although there shouldn’t be a shortage of cash, banking services could slow over the coronavirus confinement period Banks, which are part of essential businesses, remain open during confinement. All the usual services and operations are accessible, but players in the banking sector call for priority to remote solutions. If the agencies are open, some […]
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SECURITY: The objective of the European Banking Authority is to reduce the number of frauds on online payments by credit card Starting in 2021, banks and merchants will no longer be able to offer SMS authentication for online payments . The European Banking Authority (EBA) has announced that it left until 31st December 2020 to set up a strong […]
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Customers of online banks could pay more for their cash withdrawals. A solution envisaged by some banks to cope with digital competition. Will cash withdrawals from distributors soon be more expensive? This is in any case a reflection that Nicolas Théry, president of Crédit Mutuel Alliance Fédérale. In an interview with Les Echos , Nicolas Théry wonders: “Why can banks […]
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Because it wants to reduce the size of its market activities, Société Générale will cut 1,600 jobs worldwide, including around 750 in France. The Société Générale announced Tuesday, April 9, 2019 the removal of 1,600 jobs worldwide , including about 750 in France , wishing particularly trim in its market activities. In France, these job cuts that also concern the headquarters […]
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